COMPENSATION AND DATA ANALYST

The Compensation and Data Analyst will play a critical role in supporting the development, implementation, and administration of the bank's compensation programs and analyzing HR-related data to provide insights and support decision-making.

This position ensures that our compensation structures are competitive, equitable, and aligned with our business goals and objectives, while also leveraging data to enhance HR functions.

Key Responsibilities :

• Compensation Analysis :
• Conduct market analysis to benchmark compensation against industry standards and competitors.
• Evaluate job positions, job descriptions, and classifications to ensure they are aligned with the bank's compensation structure.
• Analyze internal and external salary data to support pay decisions and policy development.
• Program Administration :
• Assist in the administration of the bank's annual salary review process, including merit increases, promotions, salary budget process, bonuses, and salary adjustments.
• Maintain and update the compensation database, ensuring data integrity and accuracy.
• Provide spreadsheets and data for restricted stock grants.
• Reporting and Compliance :
• Prepare and distribute regular compensation reports and dashboards to HR leadership and other stakeholders.
• Ensure compliance with all applicable federal, state, and local compensation laws and regulations.
• Conduct pay equity analyses.
• Produce reports needed for annual AAP to contractor.
• Provide back up support for Executive Benefits Manager for administration of equity awards and reporting to IRS and SEC, as requested.
• Consultation and Support :
• Provide guidance and support to managers and HR partners on compensation-related issues, policies, and procedures.
• Promote understanding of compensation philosophy and processes for HR staff and managers.
• Collaborate with HR and Finance teams on budget planning and forecasting related to compensation costs.
• Communicate with equity plan participants as requested.
• Data Analysis :
• Collect, analyze, interpret, and share HR related data with stakeholders to provide insights and support decision making.
• Develop and maintain HR metrics, dashboards, and reports to track key performance indicators (KPIs).
• Identify trends, patterns and anomalies in HR data and provide actionable recommendations.
• Support HR initiatives by conducting data analysis on employment engagement, turnover, recruitment, and other key areas as needed.
• Work with HR and IT teams to ensure data accuracy and integrity across HR systems.

Job Requirements

The successful candidate will have the following qualifications :

• Bachelor's degree in Human Resources, Business Administration, Finance, Data Analytics, or a related field.
• 3-5 years of experience in compensation analysis, data analysis, or related HR roles, preferably within the banking or financial services industry.

Customer centric responsiveness.

• Strong analytical and quantitative skills with attention to detail.
• Proficiency in Microsoft Excel.
• Experience with UKG HRIS system preferred.
• Experience with data analysis tools and software (e.g., Business Intelligence) is a plus.
• Excellent written and verbal communication skills.
• Ability to manage multiple projects and priorities in a fast-paced environment.
• Strong problem-solving skills and ability to think strategically.
• CCP (Certified Compensation Professional) certification is a plus.

Benefits

• 401(k) with a company match of up to 6%
• ESOP employer match
• Medical insurance
• Dental insurance
• Vision insurance
• Cancer / Disease insurance
• Accident insurance
• Flexible Spending Accounts
• Health Savings Accounts
• Bank paid Life / AD& D insurance
• Voluntary Life / AD&D insurance
• Bank paid Short-Term and Long-Term Disability insurance
• Employee Stock Purchase Plan
• Employee Assistance Program

Physical Requirements

The physical demands described here are representative of those that must be met by an employee in order to successfully perform the essential functions of this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

This position requires sitting the majority of the time with limited walking and standing. All work occurs indoors and within regular working hours.

The noise level in the work environment is usually moderate.

Equal Opportunity Employer / Protected Veterans / Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant.

However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)